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HSBC most likely to resume buybacks in second half of next year -CFO By Reuters

© Reuters. FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., Aug. 7, 2019. REUTERS/Brendan McDermid/File Photo

LONDON (Reuters) – HSBC is most likely to resume share buybacks in the second half of next year, its Chief Financial Officer Ewen Stevenson told an investor conference on Monday.

The bank earlier this year said buybacks would be unlikely in 2022, but said it would resume return of excess capital over what was required to execute its strategy in future years.

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